FIGURE 14.1
Key drivers of regulatory change for fi
nancial institutions
Source: Portilla (2009)
Financial Institutions
Accounting
Fair ValueMeasurement
Loan LossProvisioning
Securitizationand Off-
BalanceSheet GlobalCoordination
and
Convergence
OTC
Derivatives
Fair ValueMeasurement
CentralClearingHouses
Compensation
Guidelineson
Risk
Alignment andGovernance
Potential Linkto CapitalConservation
ShareholderSay on Pay Deferrals andClawbacks
Securitization
Skin-in-the-
Game
UnderwritingStandards
Capital
Requirements
DisclosureRequirements
Registration RatingAgencies Standards
Bank Capital
Quality ofCapital
RaisingMinimumRatio
Counter-CyclicalBuffer
LeverageRatio
SystemicallyImportant
Firms
Transparency& Disclosure
CapitalSurchargeson Size
Living Wills
Cross-BorderResolutionRegimes
IncreasedOversight
Simplificationof Structure
Liquidity
Liquid AssetBuffers
CentralBankFacilities
Ringf encing
Funding
2
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